document.write( "Question 1176171: If $500 is deрosited in an ассount paying 8.5% annual interest, compounded semiannually, how long willit take for the асcount to increase to $1000? Нow long will it take for the account to increase to $1000 if compounded continuously?
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Algebra.Com's Answer #802434 by ikleyn(52790)![]() ![]() You can put this solution on YOUR website! .\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " The answer in the post by @Boreal is INCORRECT.\r \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "To get a correct answer, you MUST round the value of 8.35 years to 8.5 years (8 years and 6 months)\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "in order for the bank would make the last compounding.\r \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " |